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You asked to price a cash flow stream in which you are offered an annuity that pays you $1,000 at the end of each of

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You asked to price a cash flow stream in which you are offered an annuity that pays you $1,000 at the end of each of years 1 to 10. If interest rates are 5% what price are you prepared to pay? Select one: None of the presented responses is correct $7,722 $6,899 $6,556 $6,710

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